Jerome Powell said...

increases in tariffs this year are likely to push up prices and weigh on economic activity

We're in the right place to wait and see how things evolve. We don't feel like we need to be in a hurry. We feel like it...

the path of policy will depend entirely on incoming economic information and what that means for the outlook.

We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for...